Lomiko Metals Inc. (TSXV:LMR), a graphite junior, moved up after saying it will expand its drill program the La Loutre graphite property

An expanded Quebec drill program lifted shares of a graphite junior Thursday. Here’s some small stocks making big moves on Thursday, March 7, 2019 (as of 4 pm EST):

Lomiko Metals Inc. (TSXV:LMR) shares gained 9% to $0.06 on Thursday after the graphite junior announced the expansion of the 15-drill hole program to 21 drill holes at the Refractory Zone of the La Loutre graphite property in Quebec, which Lomiko said is intended to assist in the definition of a low footprint, open-pit mining scenario.

Win Big With Our Small Cap Picks

Leave this field empty if you're human:

As well, shares of Obsidian Energy Ltd. (TSX:OBE) fell 13% to $0.41 as the Canadian oil and natural gas production company said its President and CEO will step down on March 29, 2019 and Obsidian is proposing to consolidate its common stock on the basis of seven old common shares for one new common share.

Goldmoney Inc. (TSX:XAU), meanwhile, reported that the Toronto Stock Exchange has approved its intention to make a normal course issuer bid to purchase for cancellation three million common shares of Goldmoney, representing 3.9% of the issued and outstanding common shares as at March 1, 2019. Goldmoney stock moved up 8% to $2.24 following the announcement.

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below:

The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.